Skip to main content
April 11, 2025
Question

ESOP rollover to Roth ira

  • April 11, 2025
  • 1 reply
  • 0 views

I received the ESOP distribution and rolled it over directly to my Roth IRA account, I reported it using the 1099-R and reported on my return as taxable income with a “rollover” indication.  Is there any other form I need to report the rollover on my 2024 income tax return?

    1 reply

    Employee
    April 11, 2025

    What you describe is all that is necessary.  It just needs to be shown on Form 1040 line 5b as taxable income with the ROLLOVER notation.